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New Fed chief meets same old Congress
In terms of the testimony itself, the transition from Greenspan to Bernanke was seamless, according to this article published on Thursday 17 February. But he did it in language that Congress and the larger audience - financial markets - could understand,…
Papademos on the euro area economy & emerging Asia
In the speech 'The euro area economy and emerging Asia - current issues and policy challenges' given on 10 February Lucas Papademos of the ECB said market expectations for an ECB rate hike next month are 'reasonable'.
Bank of Slovenia - Annual Report 2004
According to the Bank of Slovenia's Annual Report 2004, Slovenia recorded a current account deficit for the second successive year, the 2004 figure being EUR 238 million, or 0.9% of estimated GDP.
PBOC rules out 2nd revaluation - reports
The People's Bank of China has ruled out a second revaluation of its currency, but plans broader reform of its interest rates, including a simplification of deposit rates, local media said on Wednesday 15 February.
SADC central banks meet in Malawi
Central banks from the Southern Africa Development Corporation (SADC) region are meeting at Ryalls Hotel in Malawi's commercial city of Blantyre to devise new laws that would be used as a benchmark for the standardization of central banks.
Comment: Bernanke's debut
New Fed chairman, Ben Bernanke, provided little further insight into the likely further path of interest rates in the US on Wednesday. On the whole he painted a fairly rosy picture of the economy's health - both in a cyclical and structural sense. His…
ECB is wrong to stamp on Europe's property boom
The ECB is wrong to be complaining about house prices, according to this article published Wednesday 15 February. You can't target anything unless you know what you are aiming at, it says.
Fisher: Fed won't let inflation raise "ugly head"
Dallas Fed President Richard Fisher said on Tuesday 14 february that the Federal Reserve is committed to pursuing monetary policy that supports economic growth without higher inflation.
Fed nominees emphasise inflation control
The two nominees for the Federal Reserve Board, Randall S. Kroszner and Kevin M. Warsh, said on Tuesday 14 February, in testimony to the Senate Banking Committee that controlling inflation was the key to maintaining economic growth in the United States.
Sweden's Rosenberg on monetary policy
Sveriges Riksbank deputy governor Irma Rosenberg gave a speech on Tuesday saying new information made available since January appears to confirm indications in December that the development of economic activity is stronger than expected.
Bernanke says more rate rises 'may' be necessary
Ben Bernanke told Congress on Wednesday 15 February that more US rate hikes "may" be necessary as the threat of higher inflation persists despite a year-and-a-half of steady tightening.
Federal Reserve's Monetary Policy Report, Feb 2006
The Federal Reserve published its February 2006 Monetary Policy Report to the Congress on Wednesday 15 February. The U.S. economy should continue to perform well in 2006 and 2007. But higher energy prices will probably exert some restraint on activity…
Solomon Islands - Annual Report 2004
According to the Central Bank of Solomon Islands Annual Report 2004, the economic performance in 2004, although generally positive, highlighted the vulnerability and fundamental structural weaknesses underlying the economy.
Bank of England Inflation Report, February 2006
The Bank of England published its February 2006 Inflation Report on 15 February. Governor Mervyn King told a press conference the outlook for the UK economy is "benign" and the slowing of consumer spending growth that began in the middle of 2004 "appears…
Lacker on transition and continuity at the Fed
In the speech 'Transition and continuity at the Federal Reserve in 2006' given on 14 February Jeffrey Lacker of the Federal Reserve Bank of Richmond said that incoming Fed Chairman Ben Bernanke must preserve the hard-won credibility for maintaining low…
Stark formally nominated for ECB job
Austrian finance minister Karl-Heinz Grasser said EU finance ministers formally nominated Bundesbank vice-president Juergen Stark as Otmar Issing's successor at the European Central Bank.
Comment: Indonesia and the IMF
The Indonesian finance minister, Sri Mulyani Indrawati, has indicated that the country is considering the early repayment of its outstanding debt to the IMF. The prospect of early repayment raises some interesting questions and policymakers are likely to…
Report says China to set up reserve centre
The People's Bank of China will set up a foreign reserve operations center in Shanghai, the China Business News has reported.
Alan Greenspan in memoir talks
According to Reuters, Alan Greenspan is in talks with major publishers about writing a memoir and bidding has already hit $5 million.
EU's Almunia says Slovenia meets euro criteria
EU economic and monetary affairs commissioner Joaquin Almunia has said Slovenia stands alone as the only euro entry candidate that currently qualifies for membership of the single currency.
Committee says Gieve fulfils BoE criteria
The UK Treasury select committee said Wednesday that new Bank of England Deputy Governor Sir John Gieve 'fulfils the criteria' for his new position.
South African Reserve Bank - Annual Report 2005
According to the South African Reserve Bank's - Annual Report 2005, the 2004/05 financial year saw the balance sheet of the Bank increase by a significant margin, mainly as a result of the accumulation of foreign reserves.
ECB paper: A new theory of forecasting
This ECB Working Paper argues that forecast estimators should minimise the loss function in a statistical, rather than deterministic, way.
Pianalto on economic forecasts and monetary policy
In the speech 'Economic forecasts and monetary policy' given on 13 February Sandra Pianalto of the Federal Reserve Bank of Cleveland said recent economic reports offer hints that the US economy may have rebounded from the weakness seen in the last three…